| Asia Netcom + Pacific Internet = Pacnet |
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| Written by Stephen Withers | |
| Tuesday, 08 January 2008 | |
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"The next decade is all about Asia, and Pacnet is poised to be a unique 'pure play' provider focused on delivering solid communication solutions within Asia and into the region from anywhere in the world," said Bill Barney, CEO at Pacnet. "We are pleased to be one of the region's premier providers of broadband. We have unique assets that are not easily replicable." Pacnet's EAC-C2C submarine cable network spans 36,800km, connecting Singapore, China, the Philippines, Korea and Japan. While it has a potential capacity of up to 10.24 Tbps, only 240 Gbps is currently lit. Company officials estimate the network's replacement value at $US4 billion, analysts have assessed the true value of the EAC-C2C network at close to $US10.3 billion. (So if you've got a lazy few billion in the bank...) The network is being upgraded for increased efficiency and reliability, and there are plans for a new Trans-Pacific cable.
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